What Your Financial Statements Reveal About Payment Inefficiencies
- 1 day ago
- 1 min read
Business is more competitive than ever. Innovation, expansion, new products and new markets are at the centre of every strategic discussion, but for some unknown reason, the review of financial statements is still treated as a job of finance, or audit work, rather than as a diagnostic tool.
This is a BIG mistake.
Most organisations prepare a FS because they are legally required to do so. However only a few use them to understand how money actually moves through their operation, where it gets stuck or how much of it leaks away through inefficient payment and banking setups.
If payment and banking flows are poorly structured, the first warning signs are already visible in the financial statements. The problem is that the ones reading them often do not know where to look.
What are the warning signs? And when did you find them in the financial statements?
